2012 Global Venture Capital Confidence Survey - How Confident Are Investors?
Pockets of optimism prevail amidst mixed outlook for Venture Capital Industry
Venture capitalists from around the globe say that there are pockets of optimism in the current venture capital environment. Respondents demonstrated more enthusiasm for emerging geographies such as Brazil and newer IT sub-sectors including cloud computing and social media. However, despite increased optimism in these areas, the survey reveals that there remains room for considerable improvement in overall global venture capital confidence levels, particularly when it comes to externalities impacting the industry.
In the eight years since Deloitte’s Emerging Growth Company (EGC) Practice and the National Venture Capital Association launched the first Global Survey, this is the first time we sought to explicitly measure global VC confidence. From mid-April through mid-May of 2012, we surveyed 440 investors in the Americas, Europe, the United Kingdom, Asia Pacific and Israel.
“We are starting to see some positive signs that the global economy is beginning to rebound from where it was two years ago,” said James Atwell, recently named national managing partner of the EGC Practice, Deloitte & Touche LLP. “Venture capitalists are already starting to grow more confident within their home countries, along with significant opportunities ahead in fast growing IT sectors like cloud computing and social media, further demonstrating the optimism about certain investment opportunities.”
“By their very nature, venture capitalists are an optimistic group, but economic uncertainty and other challenging externalities have tested the mettle of the industry in the past year,” said Mark Heesen, president of the National Venture Capital Association. “Despite the ongoing market concerns that were exhibited in the survey results, the opportunistic nature of the industry remained clear. Venture capitalists are nimble and can quickly move to where the most promising entrepreneurs, policies and innovations reside. This reality guarantees a globally competitive market for capital and reaffirms the mandate for governments to enact policies that attract investors and innovators to their shores.”
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This report was sponsored by Deloitte & Touche LLP and was conducted in association with the National Venture Capital Association in the United States and numerous other venture capital associations around the world. To learn more, read the full survey results report below.
2012 Global Venture Capital Confidence Survey - Results Presentation
2012 Global Venture Capital Confidence Survey Results - Press Release
2011 Global Venture Capital Survey Results - Results Presentation
2011 Global Venture Capital Survey Results - Press Release